As per my knowledge, if someone sell residential property after three years capital gain will be long term capital gain. Also if he invest all money again in to residential property then no tax. However how to calculate 3 years?
1. From the agreement registration date
2. Fom possession date (many time builders take 3-4 years for consiructing property)
i feel this tricky
If the following conditions are satisfied, the purchaser becomes the deemed owner of the property (even though s/he is not a registered owner):
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
